This structure suggests that KIWI is getting ready on the move up.
The analysis is based on candle stick pattern, support & resistance, moving average and currency volatility.
So far GBP and NZD are the strongest currency.
Can trade other currency with nzd.
Make sure to check the currency meter.
Watch out for economic news specially rbnz interest rate decision as this structure will move fundamentally.
The idea is valid if the movement is within the entry level.
The structure can break the trendline on the top (trend-break-out).
Look at the previous peak and connect with current peak as trendline.
A 400 pip move or move is a possibility.
The analysis is based on candle stick pattern, support & resistance, moving average and currency volatility.
So far GBP and NZD are the strongest currency.
Can trade other currency with nzd.
Make sure to check the currency meter.
Watch out for economic news specially rbnz interest rate decision as this structure will move fundamentally.
The idea is valid if the movement is within the entry level.
The structure can break the trendline on the top (trend-break-out).
Look at the previous peak and connect with current peak as trendline.
A 400 pip move or move is a possibility.